Anheuser-Busch InBev ADR Falls on Mixed Trading Session
The stock market sees mixed results, with AB InBev ADR sliding 1.68%.
The Anheuser-Busch InBev S.A. ADR (BUD) experienced a 1.68% slide on Friday as the stock market saw mixed trading sessions. Despite the dip, the S&P 500 Index rose by 0.57%, while the Dow Jones Industrial Average fell by 0.14%. This decline snapped a three-day winning streak for AB InBev.
AB InBev ADR closes below 52-week high
Closing at $64.51, the AB InBev ADR finished $2.58 below its 52-week high of $67.09. This high was reached by the company on March 31st of this year. Although the stock still performed well, it fell short of its recent peak.
AB InBev ADR’s mixed performance compared to competitors
Among AB InBev’s competitors, the company’s ADR demonstrated mixed performance on Friday. Kirin Holdings Co. Ltd. ADR (KNBWY) saw a 0.28% rise to $14.42, while San Miguel Corp. (SMGBF) experienced a significant 12.58% decline to $1.95. Similarly, Compania Cervecerias Unidas S.A. ADR (CCU) fell by 0.25% to $11.86.
Above-average trading volume for AB InBev ADR
The trading volume for AB InBev ADR saw a significant increase, with 2.1 million shares traded on Friday. This figure was higher than the 50-day average volume of 1.6 million shares, reflecting a higher level of investor activity.
Editor’s Note: Data provided by Automated Insights
This news article was generated by Automated Insights, an automation technology provider that uses data from Dow Jones and FactSet. Please refer to our market data terms of use for more information on the source of this data.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always conduct thorough research before making any investment decisions.
Analyst comment
Neutral news. The market saw mixed results with AB InBev ADR sliding 1.68%. The stock closed below its 52-week high and showed mixed performance compared to competitors. However, there was above-average trading volume. The market for AB InBev is uncertain and could go either way.
